5 Undervalued Wide Moat Stocks To Invest In

3. Zimmer Biomet Holdings, Inc. (NYSE:ZBH)

Average Share Price Target: $150.82

Share Price Upside: 31%

Zimmer Biomet Holdings, Inc. (NYSE:ZBH) makes and sells devices that are used by patients suffering from orthopedic ailments. The firm’s currently shaking up upper management, as its former CEO left the firm to head 3M’s healthcare division that will soon be divested.

As of June 2023, 46 hedge funds out of the 910 polled by Insider Monkey had bought and owned Zimmer Biomet Holdings, Inc. (NYSE:ZBH)’s shares. Steve Cohen’s Point72 Asset Management is the company’s largest stakeholder through its $238 million stake.

Follow Zimmer Biomet Holdings Inc. (NYSE:ZBH)